The Economic Power of Immigrants, Latinos, and Asians in the Golden State
New Americans in California – 2015
California has been a major gateway for immigrants to this country since it became a state in 1848 and is home to the largest numbers of Latino and Asian immigrants of any state in the country.
As a result, California exemplifies the enormous political and economic clout of immigrants and accounts for innumerable stories of immigrant success in climbing the socioeconomic ladder over time.
Of California’s population today:
25% are foreign born
50% are either Latino or Asian
25% of registered voters are immigrants or children of immigrants
25% of all businesses are owned by Latino or Asian Americans
And, collectively Latino and Asian consumers account for nearly one-third of the state’s total purchasing power!
Latino immigrants in California experience pronounced upward mobility over time in terms of mastering English and owning their own homes. And most native-born Californians have experienced wage gains from the presence of immigrants in the state’s labor market..